Oil above $60 = SGY will make big profits. SGY has crashed from $70+ and is $7+ today
Stone Energy Corporation (Stone Energy), is an independent oil and natural gas company engaged in the acquisition and subsequent exploration, development, and operation of oil and gas properties located primarily in the Gulf of Mexico (GOM). The Company also has operations in the Appalachia region. On August 28, 2008, the Company completed the acquisition of Bois d'Arc Energy, Inc. (Bois d'Arc). As of February 23, 2009, it has secured leasehold interests in approximately 24,000 net acres and has two wells which are on production.